In a world where Austrian School precepts held sway, the dog would be allowed to exhaust itself and start out fresh, facing less-distorted relative price signals that eventually would lead to a more productive set of behaviors. Debts that could not be supported…
July 29th, 2009 | Rob Parenteau | 0 comments | ContinuedAll Posts Tagged With: "austrian school"
Herbert Hoover Watched the Depression Unfold
Now that we’re living through the bust, on the other hand, many people are listening. That’s why it’s so important for economists of the Austrian School to redouble their efforts, whether in terms of writing, public speaking, media,…
July 15th, 2009 | Thomas E. Woods, Jr. | 0 comments | Continued
The Permanent Portfolio
Today’s Daily Reckoning begins with an outsider’s look at the Australian banking sector. Then we’ll take a Prime Ministerial look. And finally, a Gallic technical trader’s look. All three perspectives suggest that Australia’s banking sector is a lot less insulated from the global crisis than its advocates have suggested. But don’t take our word for it…
January 21st, 2009 | Dan Denning | 17 comments | Continued
Fight Fire with Fire!
Fight fire with fire! All over the world people suffer from the mistakes they made in the go-go years. They spent too much. They borrowed too much. They paid too much. Now, all those bad debts, bad investments, and bad balance sheets are burning up – scorching fingers all over the planet. So what do the feds do to try to fix this problem? Fight fire with fire! Throw some more tinder onto the blaze…get people to borrow, spend and speculate even more!…
January 16th, 2009 | Bill Bonner | 2 comments | Continued
